Sweetgreen, Inc. (NYSE:SG) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its position in Sweetgreen, Inc. (NYSE:SG) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,788 shares of the company’s stock after acquiring an additional 8,278 shares during the period. Blair William & Co. IL’s holdings in Sweetgreen were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SG. Verition Fund Management LLC lifted its holdings in Sweetgreen by 189.6% in the 3rd quarter. Verition Fund Management LLC now owns 173,501 shares of the company’s stock valued at $6,151,000 after purchasing an additional 113,586 shares in the last quarter. Cox Capital Mgt LLC raised its position in shares of Sweetgreen by 76.0% in the fourth quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company’s stock valued at $1,728,000 after buying an additional 23,278 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sweetgreen by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company’s stock worth $79,757,000 after buying an additional 116,243 shares in the last quarter. Diversified Trust Co boosted its position in Sweetgreen by 223.2% during the fourth quarter. Diversified Trust Co now owns 27,126 shares of the company’s stock worth $870,000 after acquiring an additional 18,733 shares during the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in Sweetgreen during the 4th quarter valued at about $1,182,000. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Oppenheimer lowered their target price on Sweetgreen from $41.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Morgan Stanley lowered their price objective on Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Sweetgreen in a report on Tuesday, February 25th. TD Securities dropped their price objective on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, KeyCorp assumed coverage on shares of Sweetgreen in a research note on Wednesday, December 11th. They set a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

Sweetgreen Stock Performance

NYSE:SG opened at $25.45 on Wednesday. Sweetgreen, Inc. has a fifty-two week low of $18.77 and a fifty-two week high of $45.12. The company has a 50 day moving average price of $26.35 and a 200 day moving average price of $32.79. The stock has a market capitalization of $2.99 billion, a P/E ratio of -32.63 and a beta of 2.44.

Insiders Place Their Bets

In other news, Director Nathaniel Ru sold 2,123 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $50,527.40. Following the sale, the director now owns 1,785,099 shares of the company’s stock, valued at approximately $42,485,356.20. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mitch Reback sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.13, for a total transaction of $265,040.00. Following the completion of the transaction, the chief financial officer now directly owns 350,981 shares of the company’s stock, valued at approximately $11,628,000.53. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,852 shares of company stock worth $1,052,177 over the last ninety days. Corporate insiders own 21.52% of the company’s stock.

Sweetgreen Company Profile

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.